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Business optimism drives the Dax to a record high - VW and BMW shares are particularly popular 

2021-04-06T08:46:41.086Z


The good mood on the stock exchanges continues even after the holiday break. With the tailwind of Wall Street, the Dax marked the next all-time high on Tuesday.


The good mood on the stock exchanges continues even after the holiday break.

With the tailwind of Wall Street, the Dax marked the next all-time high on Tuesday.

Frankfurt / Main - Thanks to strong economic data from the USA, the Dax continued its record run after the long Easter weekend.

The leading index passed the 15,300 mark for the first time on Tuesday.

In early trading, it rose 1.32 percent to 15,306.48 points, and the SDax small cap index also hit a record level.

He last gained 1.19 percent on 15,922.42 points.

For the MDax of the medium-sized values, it rose by 0.59 percent to 32,481.29 points.

The leading Eurozone index EuroStoxx 50 rose by 0.96 percent.

Support from Wall Street

Positive impulses came from overseas: The Dow Jones Industrial and also the broad S&P 500 jumped to record levels on Easter Monday and had benefited from economic optimism in the generally thin Easter trade.

As of Good Friday, data showed that the labor market in the United States had recovered surprisingly strongly.

On Monday, the strongly brightened mood of the US service providers surprised positively.

Before looking at the minutes of the US Federal Reserve (Fed) from mid-March on Wednesday evening, the focus is first on individual company news.

Among the individual industries in Europe, the auto value was the strongest with a plus of 1.5 percent.

Thanks to price gains, primarily from German car manufacturers, the Stoxx Europe 600 sub-index Automobiles & Parts reached a new high since the beginning of 2018 and thus benefited from strong US sales figures in the first quarter.

In addition, according to the Ifo Institute, the German auto industry assessed its situation better in March.

VW share tops winners list

In the Dax, the VW preference share was first and foremost the favorite with an increase of 3.3 percent.

BMW rose by 2.1 percent, Daimler by 1.7 percent and in the MDax, the papers of the holding company Porsche gained 2.2 percent.

The share of SAP also increased by 1.4 percent.

As the news broadcaster CNBC reports, the Google parent Alphabet will no longer use Oracle's financial software, but that of the Walldorf-based company.

The Deutsche Telekom papers in the Dax were only visually weak.

Like Beiersdorf in the MDax, the two companies are currently traded ex dividend.

BVB share: Impending qualification for the Champions League burdened

In the SDax, the shares of Borussia Dortmund (BVB) were at the bottom with minus 4.5 percent.

The Bundesliga team has to cope with the defeat against Eintracht on Holy Saturday.

BVB has almost gambled away qualifying for the Champions League, now seven points behind the fourth place in the table from Hessen.

(dpa / utz)

Source: merkur

All news articles on 2021-04-06

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